http://usawatchdog.com/weekly-news-wr… – Russian President Putin now says, “Crimea is part of Russia.” A referendum in Crimea voted overwhelmingly in favor of joining Russia. The West is not buying it and has sanctioned Russia. This is supposed to be a serious international crisis, so why are the sanctions to light? We hit with a feather and then another feather by only sanctioning a few people in Ukraine and Russia. Russia hit back with some feather sanctions of its own, but also threatens to damage the U.S. dollar and not helping us with the Iranian nuclear negotiations.

New Fed Chief Janet Yellen gave her first press conference, and the markets crashed. You really can’t blame her. She is now in charge, and interest rates have nowhere to go but up. The Fed cut another $10 billion in bond buying, but it is still pumping out $55 billion a month to prop up the system. That is still more than $600 billion a year.

Finally, infomercial pitchman Kevin Trudeau has been convicted of fraud and sentenced to 10 years in prison. He’s lucky, sentencing guidelines say he could have gotten as much as 25 years. My question: Why no jail time for big bankers who have committed fraud on a global scale? What is wrong with this picture?

Join Greg Hunter of USAWatchdog.com as he gives his analysis of these stories and more in the Weekly News Wrap-Up.

The Schiff Report (10/23/2013)
To Download my 2005 housing bubble article, click the link belowhttp://www.europac.net/commentaries/r…
To watch the full video of my mortgage bankers speech, click the following linkhttp://www.youtube.com/watch?annotati…
In reviewing this video I realized that I did not emphasize the most foolish of Yellen’s statements. In her praise of “innovative” mortgage products, which include such things as subprime, interest only, zero down, negative amortization, and no-doc loans, Yellen specifically identified homeowners using their houses as investments rather than places to live, and leveraging those “investments” using cash-out refis or home equity loans, as evidence that there was no bubble. So according to Yellen, highly leveraged, real estate speculation was evidence that there was no housing bubble! That the very products that helped fuel the housing bubble and exacerbate the financial crisis proved that there was nothing to worry about! Incredible!!! And she is out next Fed chairman!
Listen to The Peter Schiff Show
Live Weekdays 10am to noon ET on http://www.SchiffRadio.com
Buy my newest book at http://www.tinyurl.com/RealCrash
Friend me on http://www.Facebook.com/PeterSchiff
Follow me on http://www,Twitter.com/PeterSchiff